JHT(SH:603199)2022-07-28 16:00Financial Performance - The company's operating revenue for the first half of 2022 was ¥119,387,404.57, a decrease of 51.88% compared to ¥248,103,768.34 in the same period last year[19] - The net profit attributable to shareholders for the first half of 2022 was a loss of ¥32,922,980.38, representing a decline of 162.32% from a profit of ¥52,830,659.96 in the previous year[19] - The net cash flow from operating activities was a negative ¥54,069,633.67, a significant decrease from a positive cash flow of ¥48,794,618.36 in the same period last year, marking a decline of 210.81%[19] - Basic earnings per share for the first half of 2022 were -¥0.2975, a decrease of 162.33% compared to ¥0.4773 in the same period last year[20] - The weighted average return on net assets was -2.61%, down 6.81 percentage points from 4.20% in the previous year[20] - The company reported a significant increase in losses, with the net profit excluding non-recurring gains and losses at -¥37,189,309.34, a decline of 181.74% from ¥45,495,301.04 in the previous year[19] - The company achieved a revenue of CNY 119.39 million in the first half of 2022, a decrease of 51.88% year-on-year[30] - The net profit loss was CNY 32.92 million, representing a decline of 162.32% compared to the previous year[30] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,386,039,689.76, down 7.05% from ¥1,491,159,466.01 at the end of the previous year[19] - The net assets attributable to shareholders decreased by 4.02%, from ¥1,275,755,066.27 to ¥1,224,512,830.54[19] - The total liabilities decreased from CNY 215,404,399.74 to CNY 161,526,859.22, a decrease of approximately 25.0%[77] - Current liabilities decreased from CNY 178,177,929.21 to CNY 124,254,651.45, a reduction of about 30.2%[76] - The company's retained earnings decreased from CNY 735,142,564.50 to CNY 683,403,984.12, a decrease of about 7.1%[77] - The total equity attributable to shareholders decreased from CNY 1,275,755,066.27 to CNY 1,224,512,830.54, a decline of approximately 4.0%[77] Cash Flow - The cash flow from operating activities showed a net outflow of ¥54,069,633.67 in the first half of 2022, contrasting with a net inflow of ¥48,794,618.36 in the same period of 2021[88] - The total cash inflow from investment activities was ¥518,856,093.32, an increase from ¥428,524,509.47 in the first half of 2021[89] - The cash flow from financing activities resulted in a net outflow of ¥19,045,600.00 in the first half of 2022, compared to a net outflow of ¥16,602,000.00 in the same period of 2021[89] - The company's cash and cash equivalents at the end of the first half of 2022 amounted to ¥65,788,130.90, an increase from ¥53,475,424.75 at the end of the first half of 2021[89] Operational Strategy - The company operates seven hotels in the core scenic area, dominating the mid-to-high-end market, which is crucial for brand image and service quality[25] - The company has three cable car lines providing stable revenue from sightseeing services, leveraging its unique geographical advantages[25] - The company is focused on creating a comprehensive tourism service system, including hotels, cable cars, and travel agencies[25] - The company is adapting to market changes and enhancing its operational resilience in response to the evolving tourism landscape[23] - The company has established seven specialized teams to enhance operational management and address practical issues in various sectors[33] - The company is actively promoting digital transformation by forming a dedicated team and inviting industry experts for training and insights[33] Market Conditions - The tourism industry is experiencing a recovery phase, with domestic travel gradually resuming, although still below pre-pandemic levels due to ongoing COVID-19 impacts[24] - The company benefits from its strategic location near economically developed regions, which is expected to drive future visitor growth[27] - The company has a significant number of mid-to-high-end hotel rooms in the core scenic area, establishing a leading position in the local market[28] - The company’s passenger transport business holds exclusive rights within the scenic area, integrating various tourism services[28] Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 20,499[68] - The largest shareholder, Anhui Jiuhua Mountain Cultural Tourism Group Co., Ltd., holds 36,109,376 shares, accounting for 32.63% of the total shares[69] - Anhui Province High-tech Industry Investment Co., Ltd. holds 16,267,338 shares, representing 14.70% of the total shares[69] - The top ten shareholders collectively hold a significant portion of the company's shares, with the first two shareholders alone accounting for over 47%[69] Compliance and Governance - The company has not faced any administrative penalties due to environmental issues during the reporting period[56] - The company has maintained compliance with environmental regulations, with no incidents of illegal emissions reported[56] - The company has no significant litigation or arbitration matters during the reporting period[61] - The company has not reported any significant new strategies or market expansions in the current financial report[66] Investment and Subsidiaries - The company established a wholly-owned subsidiary, Chizhou Pingtian Conference and Exhibition Co., Ltd., with a registered capital of CNY 1 million during the reporting period[42] - The company has three wholly-owned subsidiaries and one joint venture as of the reporting date[44] - The company reported an investment loss of CNY 10.44 million from its equity investment in Anhui Shitai Tourism Development Co., Ltd. for the reporting period[45] Accounting Policies - The accounting policies followed by the company comply with the requirements of the enterprise accounting standards[117] - The company's accounting period runs from January 1 to December 31 each year[118] - The company prepares consolidated financial statements based on its own and subsidiaries' financial reports, ensuring uniform accounting policies and periods[127]